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Beacon Minerals Ltd.

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Summary

Project:

Jaurdi

Deposit:Panther
Location:Australia
Commodities:Gold
Date:7/13/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:13-7-2020: Beacon Minerals Ltd. announces a Resource Estimation report for its Panther deposit at the Jaurdi project. Updated Mineral Resource Estimate for Panther Deposit. Beacon Minerals Limited (ASX: BCN) is pleased to provide an updated Mineral Resour
Resources:(Resources, I+I): 224kt @ 1.36g/t Au (9.8koz Au) at Panther
CP/QP:[Resource] Andrew Bewsher (BM Geological Services)
ABSTRACT:Beacon Minerals Limited (ASX: BCN) is pleased to provide an updated Mineral Resource Estimate for the Panther Deposit. Beacon purchased the Panther tenement, M16/365 from Corinthian Mining Pty Ltd in late 2019. The tenement islocated approximately 7 kilometres northwest along the Jaurdi Hills Road from Beacon’sJaurdi Gold processing plant (see Figure 1). The Panther deposit was last drilled in 2013 by Sentosa Mining. Beacon has completed an extensive 125‐hole 3 phase RC drilling program at the Panther Deposit. A total of 7,700 meters was drilled to improve the geological and mineralogical understanding of the Panther Deposit. The new Mineral Resource Estimate (MRE) for Panther includes

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